Caversham bought by trust company

Monday 12th July 2010, 3:00PM BST.

From left: Robert Surcouf, Tony Spackman and Stephen Whale (Caversham), Nigel Le Quesne (Jersey Trust Group managing director), and Jersey Trust directors Steve Burnett, Philip Burgin and Nigel Syvret

JERSEY Trust Company has bought wealth management firm Caversham Fiduciary Services, for an undisclosed sum.

Over 30 Caversham staff will join forces with the Jersey Trust team. Both companies have confirmed that there will be no redundancies as a result of the deal.

Jersey Trust group managing director Nigel Le Quesne said the purchase was an important strategic move and would see the group’s existing private wealth practice grow significantly.

‘This is a very exciting development and we are delighted to welcome our new colleagues and clients to Jersey Trust,’ he said.

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